Daily Current Affairs – Dec 11th, 2020

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Gadkari inaugurates three-lane Koilwar Bridge on Sone river in Bihar worth Rs 266 crore.

Gadkari inaugurated the three lane 1.5 km long Koilwar bridge over Sone river(tributary of Ganga) in Bihar worth Rs 266 crore. The existing two lane rail-cum-road bridge is 138 years old. The bridge is a major road for transport between Bihar and UP.

Did you Know

Union Minister for Road Transport and Highways: Nitin Gadkari

Asian Development Bank(ADB) lowers contraction for India to 8% in FY 2020-21 in its ‘Asian Development Outlook 2020 Update’

ADB lowered the expected contraction for India in the current fiscal to 8% from 9%. The Indian economy began to normalise better than expected after containment measures started to ease in June said ADB.

Did you Know

ADB’s Chief Economist Yasuyuki Sawada

CII launches ‘Digital Saksham’ initiative with Mastercard and National Institute for MSMEs

CII launched ‘Digital Saksham’ initiative with Mastercard’s Centre for Inclusive Growth and ni-msme for 3 lakhs+ MSMEs across India. It is an expansive program designed to strengthen the competitiveness of MSMEs through digital know-how and acceptance.

Did you Know

Ni-msme,under Ministry of MSME, headquartered at Hyderabad.

India Drops to 2nd, Chile Takes No.1 in Bloomberg New Energy Finance’s (BNEF) Climatescope survey

India dropped to 2nd place in BNEF 2020 Climatescope survey as a result of a decline in clean energy investment, which fell 12 per cent in 2018-19 to $8.5 billion and has plummeted 32 per cent since 2017.Chile took No.1 spot and Brazil third.

Did you Know

Chile was ranked 2nd in last year’s survey.

Indian-American Pramila Jayapal Elected As Chair of Congressional Progressive Caucus (CPC)

Indian-American Pramila Jayapal has been elected as chair of CPC, making her one of the most powerful US lawmakers for the 117th Congress. Born in Chennai, she became the first Indian-American woman to serve in the U.S. House of Representatives.

Did you Know

Indian-American Congressman Ro Khanna elected as Deputy Whip.

Aerosols in Indo-Gangetic Plain have led to increased rainfall in the Himalayan foothills: DST supported research.

Research supported by DST’s Climate Change Program have found that aerosols which contribute to Indo-Gangetic Plain pollution have led to increased incidents of high rainfall events in the foothills of the Himalayan region.

Did you Know

Study part of DST’s NMSHE under NAPCC.

Cabinet approves Rs 23,000 crore Atmanirbhar Bharat Rojgar Yojana(ABRY) to boost fresh hiring.

Cabinet approved an outlay of Rs 22,810 crore to the ABRY to incentivise job creation. The government will contribute to the EPF on behalf of both employee and employer for two years, for recruitments made between October 1 this year and June 30, 2021.

Did you Know

It is under Atmanirbhar Bharat Package 3.0 for covid recovery.

SBI General Insurance Ties Up With Mahindra Insurance Brokers Ltd(MIBL) To Make Deeper Inroads Into Tier-2, 3 Cities.

The two companies entered a strategic partnership through MIBL’s Sajhedaari programme to increase insurance penetration in tier 2 and 3 cities. As per IRDA, insurance penetration in India is only 11% and in rural side it is 10%.

Did you Know

MD:
SBI General Insurance – PC Kandpal;
MIBL -Jaideep Devare

BSNL, in partnership with Skylo, to introduce worlds’ first, satellite-based narrowband-IoT (NB-IoT) network.

BSNL in partnership with Skylo announced satellite-based NB-IoT in pursuance of vision of a truly Digital India. This solution will connect with BSNL’s satellite ground infrastructure and provide pan-India coverage, including Indian seas.

Did you Know

This is the world’s first satellite-based NB-IoT network

DRDO-designed Joint Venture Protective Carbine(JVPC) undergoes successful trials, to be inducted into services: Defence ministry

DRDO designed 5.56×30 mm JVPC has undergone trials and is ready for induction into the services. JVPC is a Gas Operated Semi Bull-pup automatic weapon having more than 700 rpm rate of fire. The range of the carbine is more than 100 m and weighs 3 kg.

Did you Know

It was unveiled during DefExpo- 2020 at Lucknow

WHO applauds India for ‘Fitness Ka Dose Aadha Ghanta Roz’ campaign

Kiren Rijiju launched campaign as part of the nation-wide Fit India Movement has received praise from WHO.It urges Indians to follow the basic mantra of 30 minutes of fitness every day.

Did you Know

Union Minister of Youth Affairs and Sports Kiren Rijiju.

A tough novel species of Indian Muraingrass (Ischaemum janarthanamii) identified in plateaus of Western Ghats of Goa

The species known for their ecological and economic importance, such as fodder, have been spotted by scientists in Goa in the Western Ghats.It grows on low altitude lateritic plateaus in the outskirts of Bhagwan Mahavir National Park, Goa.

Did you Know

The species was named in honour of Prof. M. K. Janarthanam.

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